Portfolio Accounting & RecordkeepingDirectorCore Services
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Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
We are seeking an experienced and detailed-oriented Portfolio Accounting & Recordkeeping - Director to support and evolve a best-in-class Portfolio Accounting function.
This role will be responsible to ensure accurate timely and globally consistent portfolio accounting valuation and production of the official investment/performance book and record. This role sits within the Public Markets Middle Office and is pivotal to ensuring data accuracy transparency and operational readiness across the firms investment operations in support of MSIM clients investment teams and traders reporting teams and other essential uses of middle office operations data.
As the Portfolio Recordkeeping Director you would be responsible for the daily execution of accounting and recordkeeping processes across various investment strategies and asset classes. This role will be part of a global team in a follow the sun model ensuring the integrity of the MSIMs start of day end of day and period close books and records. This role will support the Portfolio Accounting & Recordkeeping Vice President in implementing business process and deliver high-quality ready for business data to enable front-to-back operational processes investment analytics regulatory compliance and a best-in-class client experience.
In the Operations division we partner with business units across the Firm to support financial transactions devise and implement effective controls and develop client is a Team Manager position at Director level within the Core Services which is responsible for performing and managing product-agnostic and centralized operational services across several businesses and products
Since 1935 Morgan Stanley is known as a global leader in financial services always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
What youll do in the role:
- Produce and publish the official Aladdin Portfolio Asset Value on a monthly in accordance with client and reporting SLAs including performing all Quality Control (QC) checks to finalize and close the books.
- Manage daily portfolio accounting and recordkeeping process ensuring all transaction (trades income accruals corporate actions) and positions are processed timely completely and accurately.
- Support standardization and documentation of operational procedures across portfolios and asset classes.
- Ensure complete accurate and timely start of day positions to support investment process including start of day cash and projected cash to support investment teams.
- Act as a point of escalation for team analysts in helping to research and resolve exceptions cross-functionally to the accounting books of record (start of day end of day and period close) within established SLAs.
- Provide support and expertise on tax lot accounting principles particularly for tax-managed portfolios to enable accurate tax reporting and performance attribution.
- Provie subject matter support for Aladdin Accounting transaction position and valuation data.
- Capture key metrics to help drive effective management of the day-to-day operations.
- Actively partner with Data Quality and Engineering team to develop and refine data anomaly detection and mitigation strategies to prevent impact to MSIM books and records.
- Document maintain and oversee adherence to standard operating procedures.
- Ongoing business process improvement leveraging automation with low code tooling. > BS/BA degree required.
What youll bring to the role:
- A minimum of 7 years of related experience preferably in asset management with experience working in portfolio or fund accounting.
- Experience across a broad spectrum of portfolio types: Separately Managed Sub-advised Funds (e.g. Mutual Fund OIEC etc..).
- Experience with middle office operations including but not limited to trade settlement IBOR/ABOR transaction lifecycle events across spectrum of asset class (equity fixed derivatives) cash and position reconciliation performance reporting.
- Experience with accounting systems; preferably Aladdin
- Experience with tax managed strategies is a plus
- Experience working with and accounting for derivatives and synthetic exposures (e.g. Bank Loans).
- Experience functioning in a team lead and/or team mentor capacity.
- Automation first mindset. Experience with implementing process improvements and transformation
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley we raise manage and allocate capital for our clients helping them reach their goals. We do it in a way thats differentiated and weve done that for 90 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll find an opportunity to work alongside the best and the brightest in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey offering some of the most attractive and comprehensive employee benefits and perks in the industry. Theres also ample opportunity to move about the business for those who show passion and grit in their work.
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Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds talents perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting developing and advancing individuals based on their skills and talents.
Required Experience:
Director
Key Skills
- Account Payable
- Invoicing
- Journal Entry
- Data Entry
- Accounting & Finance
- Tax Returns
- QuickBooks
- General Ledger Accounting
- Microsoft Excel
- Reporting
- Payroll
- Financial statement
- Account Receivable
- ACCA
- CPA
About Company
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1, ... View more
